Business Succession Planning With Four Levels of Ownership and Control

Foley Partner Gregory Monday authored an article that appeared in the Wealth Strategies Journal on September 2, 2010 titled “Business Succession Planning With Four Levels of Ownership and Control.” Monday provides an overview of the four component levels of business ownership and control in a corporation. He also discusses the practical considerations that should direct how these separate components are allocated under a business succession plan. Monday states that family business owners who recognize the four component levels can more easily develop a succession plan that rationally assigns the leadership powers and economic benefits of the business.